Cryptocurrency
The Netherlands fines Coinbase $3.6M for violating trading rules
The Dutch financial regulator has fined cryptocurrency company Coinbase €3.3 million (US$3.6 million) for providing crypto trading services without being registered. The Dutch central bank, De Nederlandsche Bank (DNB), which oversees financial activity in the Netherlands, issued the fine, knowing…
Switzerland-based SEBA Bank expands cryptocurrency offerings
In an effort to simplify cryptocurrency banking and meet the needs of traditional investors as well as digital investors, SEBA Bank, a Swiss-based digital asset bank, has launched a new offering in order to make cryptocurrency banking easier. A press…
Vueling Airlines now accepts cryptocurrency for flight purchases
There have been a few attempts at bringing cryptocurrency to mainstream retail over the years, but the process is slow. Still, a number of retailers are onboarding digital payments from time to time, and a budget airline out of Spain…
Google AdWords not smart enough to stop crypto-phishing apps
There is an increasing trend for cybercriminals to take advantage of the popularity of non-fungible tokens (NFTs). They’re targeting the growing number of NFT influencers to send malware and drain cryptocurrency wallets from NFT influencers, one of the major uses…
El Salvador approves new law to offer cryptocurrency-based bonds
El Salvador has approved a new special bond backed by Bitcoin called the “Volcano Bond.” The objective is to pay the sovereign debt and finance the construction of the so-called Bitcoin City. The project was approved with 62 votes in…
New cryptocurrency recovery tool hopes to end cyberthefts
The launch of a new cryptocurrency recovery system has been announced by Chiron Investigations Crypto Recovery Solutions, a leading cyber forensics firm. The solution is designed to reclaim lost cryptocurrency assets by individuals and businesses following instances of cybercrime. It…
Italy is introducing a new capital gains tax on cryptocurrency earnings
The Italian Parliament has signed off on a proposal to tax cryptocurrency gains above €2,000 ($2,110). The country isn’t the only one in Europe to be changing its approach to crypto, either. The new law not only imposes substantial taxes…
25-year-old runs multibillion-dollar crypto trading company through parents’ home in Australia
A 25-year-old man is trading crypto worth $2 billion despite living with his parents, according to public records reported by The Australian. Darren Nguyen’s crypto trading business is registered under PO Street Capital at his parent’s home in suburban Sydney,…
Cryptocurrency exchange Kraken to leave Japanese market
Global cryptocurrency exchange Kraken has decided to stop its operations in Japan for the second time, citing pressure on its infrastructure amid a weak market. Deposits will be stopped as of January 9, but business operations such as trading will…
Cryptocurrency exchange BitKeep loses $8M in hack
The latest attack on a decentralized finance (DeFi) network has stolen more than $8 million in cryptocurrency from BitKeep users’ wallets. The company confirmed the attack after BitKeep users reported their funds were being transferred without any activity from them.…
Brazil adopts new cryptocurrency laws following approval of legislation
Cryptocurrencies have just been recognized as a legitimate means of payment in Brazil. As one of his final acts before vacating office, President Jair Bolsonaro gave his approval to a bill that aims to regulate providers of virtual assets and…
UK consumers want cryptocurrency as a payment option on Amazon
Although crypto prices have plummeted, a quarter of British consumers would like Amazon to accept cryptocurrency as a payment method. In addition, over a third of the country’s population now owns cryptocurrencies, according to the Cryptocurrency on the High Street…
Microsoft pulls the plug on using its cloud for cryptocurrency mining
Microsoft has updated the Universal License Terms for Online Services with a new regulation that won’t make some cryptocurrency fans happy. The new usage policy prohibits cryptocurrency mining in the company’s online services. Specifically, Microsoft warns that no client can…
Germany’s leading financial regulator wants global cryptocurrency regulations ASAP
Germany’s top regulator is calling for global regulation of cryptocurrencies. Mark Branson, the head of the country’s financial market regulator BaFin, believes that regulating the cryptocurrency industry is necessary to protect consumers and prevent money laundering. He says that the…
Kim Kardashian, Floyd Mayweather safe in lawsuit over EthereumMax cryptocurrency
A federal judge has dismissed a proposed lawsuit filed against EthereumMax founders and celebrity endorsers, such as Kim Kardashian and boxer Floyd Mayweather Jr. who used social media to promote the EthereumMax cryptocurrency. It’s a temporary victory, as the suit…
UK close to launching new cryptocurrency industry regulations
The UK Treasury is getting ready to release new laws that will regulate the cryptocurrency industry, including provisions for how to deal with the collapse of a business, restrictions on marketing products, and limitations to stop companies from marketing in…
